Bonds, Bullion, & Bitcoin Jump As Stocks Pump’n’Dump After CPI
A slightly weaker than expected CPI print prompted kneejerk panic-buying by the algos as it may delay The Fed’s taper. However, record-er and record-er highs in stocks is just as likely to trigger financial stability anxiety among some Fed members and as the US cash market opened, sellers appeared and erased all the un-taper gains. Small Caps were worst on the day, Nasdaq the least bad…